Analysts Set Healthpeak Properties, Inc. (NYSE:DOC) Target Price at $20.91

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $20.9091.

A number of research firms have weighed in on DOC. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Monday, September 15th. Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Finally, Evercore ISI set a $22.00 price target on shares of Healthpeak Properties in a research report on Monday, September 15th.

Healthpeak Properties Trading Up 1.2%

Shares of DOC stock opened at $17.91 on Friday. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of -358.13, a PEG ratio of 3.84 and a beta of 1.10. The company’s fifty day simple moving average is $18.38 and its two-hundred day simple moving average is $17.84. Healthpeak Properties has a 1 year low of $16.63 and a 1 year high of $22.71. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The company had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, analysts anticipate that Healthpeak Properties will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s payout ratio is presently -2,440.00%.

Institutional Trading of Healthpeak Properties

Several institutional investors and hedge funds have recently modified their holdings of DOC. Mather Group LLC. bought a new position in shares of Healthpeak Properties in the third quarter worth approximately $25,000. City Holding Co. purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $26,000. TCTC Holdings LLC grew its stake in Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 751 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 873 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new stake in shares of Healthpeak Properties during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.